As diesel prices rise, smaller carriers will feel the brunt of it

InflationMoney MattersFuelNuts & Bolts
Written By Jennifer Joslyn

Another week, another price climb. Fuel prices hit record highs this past spring and summer and it seems to be on a journey back there again. For now two weeks in a row, retail diesel prices have jumped - this week rising 11.5 cents after spiking 38.8 the week previously.

Diesel costs $1.668 more per gallon than it did one year ago and the trucking industry is suffering. With rising fuel costs and declining spot rates, some are worried that the market cannot handle the double whammy.

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Another week, another price climb. Fuel prices hit record highs this past spring and summer and it seems to be on a journey back there again.

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All good things must come to an end, it seems.

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Jennifer Joslyn
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